Sensient releases letter opposing FrontFour director nominees

1:47 PM MDT | March 17, 2014 | Vincent Valk

Sensient Technologies today released a letter to shareholders outlining its opposition to hedge fund FrontFour Capital’s (New York) slate of director nominees. Sensient says that FrontFour’s nominees lack industry experience and accuses the fund, which owns 1.5% of Sensient and has advocated an increase in the company’s leverage, of “promoting short-term actions at the expense of long-term value.” The letter reiterated many criticisms of FrontFour that Sensient made in an earlier shareholder letter, after FrontFour went public with...